This article expands a bit the issue of the kinds of relationships there are between investors and founders. How to manage the respective roles as, as either a founder of a startup or as an investor in a venture, is a major issue that needs to be rightly managed in early seed ventures and startups in general in order to achieve success.
Tag Archives: Mvp
Why defining your target audience is important
This article discusses the importance of defining your target audience or Personas as they might be referred to by UEX and Product managers.
personas to help define your target audience and better anticipate the user requirements that will need to be developed into your Minimum Viable Product." width="600" height="350" srcset="" data-srcset="https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/06/target_audience01.jpg 600w, https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/06/target_audience01-300x175.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/>
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Approaches to MVP Testers – the Web App Case
Providing support for your Minimum Viable Product testers (sometimes known as Alpha version users) is an ongoing process that requires preparation and considerable time and effort in order to receive the kinds of feedback that you are after.
This is the second article which describes another type of venture, one where the product release was done to an ever-growing audience of testers which were not controlled. Because of these complexities, dealing with and offering support to our initial users required a different approach.
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Approaches to finding testers for your MVP, The iPhone App
Providing support for your Minimum Viable Product testers (sometimes known as Alpha version users) is an ongoing process that requires preparation and considerable time and effort in order to receive the kinds of feedback that you are after.
Recently I have come across several complexities when working with Minimum Viable Product testers. Here I describe two ventures; each with a different model for using Minimum Viable Product testers, and consequently chosen because of different users’ needs and approach for each. Here I share my experiences and lessons learned from dealing with both types in this two-part article
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How to jumpstart your vision
Right now I am busy helping to bootstrap a new startup that has a unique idea and niche market aimed for middle-aged women. In this article, I would like to share the process we are going though and how we are in the early stages of forming our team and approaching seed investors.
wireframes and requirements documents in advance. Once you select the right team to develop your Minimum Viable Product, potential investors will come to you." width="600" height="350" srcset="" data-srcset="https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/05/focus-groups3.jpg 600w, https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/05/focus-groups3-300x175.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/>
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Developing your MVP Mobile App
When developing your Minimum Viable Product mobile App, the first thing you need to define is the limits of how far you want to go. You need to decide how far you want to enhance the user experience in juxtaposition with the need to develop the essential functionality required to test it as a Minimum Viable Product. Sometimes keeping a balance between the two needs is challenging
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Preparing a Social Media Marketing Strategy for your MVP
Social media marketing has revolutionized the way young startups gather and interact with their target audiences and consequently it has influenced the way that we gather potential new customers. Social Media marketing is a good way to test your Minimum Viable Product assumptions and gather user requirements. It may also help when searching for a monetization model, and nonetheless aids in finding users for the beta release of your Minimum Viable Product.
There are four keys to utilizing the power of Social Media. First is understanding the different methods and possibilities available when using social media. Second, prepare a plan for what is needed and expected from using the social media. Third, design and test the methods you plan to use to achieve your goals. Finally, execute your strategies while continuously adjusting your techniques and method, depending on the results you get.
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Wire Framing Your Minimal Viable Product
Wire-frames are useful in the preparation of mock-ups and are also helpful in the process of developing your Minimum Viable Product. Wireframes are the output of choice for interaction designers and product managers, because it allows them to easily and quickly draw a page schematic or screen blueprint that represents the skeletal framework of the application or any part of it. Wireframes enable developers to envision not only how the product works but also gives them the opportunity to explain any perceived user flows at the design stage.
Cross Platform Applications and Responsive Design
This article discusses one of the more important trends in current application design and development, cross platform application, which impacts your product’s ability to reach different types of audiences that use various devices. When developing your Minimal Viable Product (Minimum Viable Product)?" href="http://jumpstartcto.com/what-is-a-minimal-viable-product-Minimum Viable Product/">Minimal Viable Product (Minimum Viable Product), cross platform application support immediately becomes a big challenge to the problem of reaching your target audience.
cross platform application in products with built-in responsive design features." width="600" height="350" srcset="" data-srcset="https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/03/responsive-design2.jpg 600w, https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/03/responsive-design2-300x175.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/>
Formulating your Startup DNA
DNA usually refers to the fundamental and distinctive characteristics of someone or something, especially when it refers to those properties that are regarded as hereditary or unchangeable. The study of DNA is becoming a major field of science, and the study of manipulating an organism’s DNA is becoming more and more possible. In business, we sometimes use the term DNA to describe an organization’s essential qualities and therefore study its non-organic DNA as a way to try to improve an organization’s behavior as well as to be able to predict, or sometimes even change, those qualities that lead to its success.
startup DNA" width="600" height="100" class="lazy lazy-hidden alignnone size-full wp-image-831" srcset="" data-srcset="https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/02/DNA600x100_02.jpg 600w, https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/02/DNA600x100_02-300x50.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/>
The Continuing Process of Gathering & Analyzing Users Requirements
Gathering User Requirements involves a process that uses several different methods and sources to find and collect data. This can be comprised of information from interviews, questionnaires , A/B testing and focus groups that will then, in turn, be analyzed along with KPI)" href="http://jumpstartcto.com/defining-your-startup-key-performance-indicator-kpi/">your Key Performance Indicators (KPI’s).
Minimum Viable Product" width="600" height="100" class="lazy lazy-hidden alignnone size-full wp-image-833" srcset="" data-srcset="https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/02/gather_requirements600x100.jpg 600w, https://d2haskyseezqzi.cloudfront.net/wp-content/uploads/2013/02/gather_requirements600x100-300x50.jpg 300w" sizes="(max-width: 600px) 100vw, 600px"/>
A common mistake people make is that they tend to treat themselves as one of the users. Like a horses with blinders, we often myopically base what we think the requirements list is, solely on one’s own selfish needs and not on the real and objective needs of the users. The correct way is to first adhere to the process of gathering User Requirements before deciding on what you think those requirements ought to be.
Defining your Startup Key Performance Indicator (KPI)
KPI’s and the Human Body
It is easy to understand what a Key Performance Indicator is by way of metaphor, because what the term KPI stands for, comes from our interactions with the human body. The most common KPI that is monitored in Western society is found by studying a person’s health condition, specifically by taking the body’s internal temperature. This is one of the most important indicators that can instantly tell us if someone may be sick or not. A gradual change in temperature or a quick fluctuation can indicate that the human body is recovering or fighting infection. There are several other indicators but only few of them are as important as the body temperature. Body temperature therefore defines by metaphor what is known as the Key Performance Indicator. In the study of Chinese medicine, there are other important KPIs which are measured to determine the human body’s condition. Demographically, the KPI is determined by a wide range of considerations, from the standards of measurement for the conditions of the prospective study, and from the background of the subject to the setting of the testing environment. These are all factors that contribute to determining the meaning of the KPIs we observe.
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What is a Minimal Viable Product (MVP)?
The term ‘minimal viable product’ is a common buzzword these days in the realm of business start-ups and early stage ventures by product managers and developers who are trying to perfect their product offering. The Minimal Viable Product (Minimum Viable Product) is actually better defined as a process and not necessarily as a product goal in itself.
A Definition of the Minimal Viable Product (Minimum Viable Product)
The basic definition for the Minimum Viable Product includes those features that allow the product to be deployed within the defined target audience.
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